VAT Threshold Set at P500,000 Gross Sales

Ask AI

EXECUTIVE ORDER NO. 181: VAT Threshold Set at P500,000 Gross Sales

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: VAT Threshold Set at P500,000 Gross Sales

Law: Executive Order No. 181

Decision Date: Jun 14, 1994

Fidel V. Ramos establishes a threshold of P500,000 for gross sales and receipts, exempting transactions below this amount from value-added tax while allowing voluntary VAT registration with a nominal tax rate for qualifying entities.

value added

gross sales

tax code

END